MMTLP AL

[kristen shaughnessy @kshaughnessy2]

When Companies Borrow Torchlight’s CUSIP and Compress 700M Shares Into 5 Million, the MMAT Trustee Should Have Questions

1) What are regulators and brokerages trying to cover up?

Remember when a random OTC company started using Torchlight’s CUSIP (89102U103) in official SEC filings?

August 2023: Bitech Technologies ($BTTC) files an NT 10-Q with Torchlight’s CUSIP.

May 2024: Does it again on a 13D.

🚩That CUSIP only belongs to Torchlight.

🚩It’s not reusable.

Then the fun really starts:

- They issue 222 million new shares to Cole Johnson (via the Emergen deal)

- Share count jumps toward (714 million)

- February 3, 2025: 140-for-1 reverse split and name changes to Bimergen Energy ($BESS)

- Suddenly they’re at 5.1 million shares

- February 2026
Uplist to the NYSE

More Questions:

2) Was Bitech/Bimergen used as an off-ramp for counterfeit shares that were created and traded under the Torchlight CUSIP?

3) How does a company casually insert another company’s unique identifier into SEC filings with no pushback?

4) Why did Form 12b-25s and certain filings get lighter validation?

5) Why are FINRA and the SEC allowed to treat reverse splits and name changes like magic erasers, instead of actually looking under the hood of these documents?

The paperwork is public.
The questions are not going away.

@InvestingOutis @kimkep4796

$MMTLP $BESS $TRCH $MMAT

[George Palikaras @palikaras]

Final thought.

The strength of our capital markets has never rested on the rigid automation of a spreadsheet and hired gun CFO/CEO/Board, but on the relentless grit and sacrifice of the entrepreneurs who build them.

TRUE market integrity is not found in the mechanical exclusion of companies facing temporary headwinds; it is found in a regulatory framework that respects the difference between a predator and a pioneer.

Perhaps I have misread the SEC’s document or intent, and would welcome comments by my fellow CEOs and investor community.

@SECPaulSAtkins Chairman Atkins expressed a bold vision to make IPOs great again… take a look at what happened to @SpaceX IPO... despite losing $500 BILLION in market cap in just a few weeks of trading short sellers will argue there is a long way to fall all the way down to $5M so SpaceX is safe right? … it’s true that small caps are indeed more vulnerable but make no mistake… THIS is NOT a small-cap problem, it is much deeper and systemic.

Respectfully, I would advise the Commission to choose a path that rewards long-term conviction over short-term volatility, ensuring that the next generation of innovators has a fair opportunity to thrive, which in turn will deliver generational wealth, rather than a roadmap for their own exit.

If you want trust and integrity…one solution is BLOCKCHAIN technology… perhaps the only solution. #ThisIsTheWay

[Geo-Gray! @SamsUxyyeah]

@SECPaulSAtkins @SECGov You've allowed @FINRA to DELIBERATELY REMOVE Liquidity from Genuine American Investors to allow FINRA's Buddies to KEEP MASSIVE ILLEGALLY GAINED PROFITS.
You could Fix the Situation. but, you REFUSE to. #MMTLP

[kristen shaughnessy @kshaughnessy2]

Charles Schwab has about 12 Million certificates of $MMTLP/NBH at the DTCC

The $MMTLP community has verified investor data that Charles Schwab potentially oversold 5x the amount of their certificates

And according to FINRA, Hilltop Securities does third party broker services with Charles Schwab

So the question is also for Charles Schwab how many $MMTLP shares are held in your customer accounts... the ticker hasn't traded for 18 months

Where is the trade settlement?

@JunkSavvy @busybrands @bleedblue18
@HAMShortkiller @WilliamPFarran1 @faulkingtruth @BasileEsq $MMTLP @DevinNunes $FNGR $GTII $NWBO $ENZC $AMC $GME $DJT $KODK $WULF $BB $SCLX
@johnbrda @anna_trades @JohnnyTabacco
@Rahraw999
@JennyL1818

[Geo-Gray! @SamsUxyyeah]

@HesterPeirce is ALWAYS offering to meet wth people.. Why not have a meeting over the BIGGEST SEC ISSUE EVER?
#MMTLP
@nbhydrocarbons
@cvpayne
@nbhydrocarbons

[kristen shaughnessy @kshaughnessy2]

$MMTLP

“…please do not treat our Company and our shareholders as mere collateral damage in what appears to be a massive financial crime."

Why Is The SEC Ghosting Next Bridge for the 6th Time?

Massive coverup?

It’s been almost 4 years since trading in $MMTLP was halted

“Next Bridge has, for a sixth time, requested to meet with senior officials of the Securities and Exchange Commission (the "SEC") to discuss the unresolved dilemma of the MMTLP trading halt in 2022 and the subsequent imbalance it created in our shareholder ledger which remains to this day.

We are extremely disappointed to share with our investors that for a sixth time, our invitation has been ignored….”
@nbhydrocarbons

[Next Bridge Hydrocarbons @nbhydrocarbons]

Next Bridge Hydrocarbons Releases Latest Correspondence Attempt with SEC Officials
https://t.co/pQoTpRd9vC

[Ann Vandersteel™️ @annvandersteel]

My prayer for anybody who has ever had their lives ruined by naked short selling, is that #MMTLP is the Canary in the coal mine that destroys the criminals masquerading as regulators in the SEC and in the FINRA.

Those criminals have been protecting the financial corporations who have engaged in illegal practices of selling something they don’t own.

It will be because of this group of investors, who has been the most vocal on the Internet, and has never waivered, that Justice be served.

It is an honor to watch them take down the very system that has enriched the criminals while leaving Americans behind.

[Kurtis @bleedblue18]

We know “unnamed” brokers have already acknowledged potential fulfillment issues in addition to TradeStation’s statement.

We know the SEC was made aware of these fulfillment issues because their senior leaders were key contributors in the meetings/emails.

Pressure needs to be applied on the SEC to enforce the rules that already exist. It’s that simple.

[KKep @kimkep4796]

MMTLP NBH TRCH MMAT

The following is from a FOIA response received by @ggkoul. The FOIA response is attached below in the Dropbox link. Additional details to follow. Here is a graphic to summarize the response:

https://t.co/ESY0HctLnh

[Kurtis @bleedblue18]

$MMTLP Imagine using your big brain to create a system for comprehensive regulatory oversight (Consolidated Audit Trail aka CAT) in your time at the SEC only to leave for a major payday at Citadel Securities and try to dismantle the same CAT.

Imagine serving on FINRA’s Economics Committee, the CAT Advisory Committee, and on the Advisory Board of the Financial Information Forum.

Imagine using that influence to discuss a small, non-trading company’s (Next Bridge Hydrocarbons) pending registration statement and how to dissuade/steer it with other prominent FIF members and the SEC.

Imagine being tone deaf enough to include “market integrity” in your job description as Director of Market Analytics and Regulatory Structure for CITADEL.

Imagine the same firm having to respond in Federal Bankruptcy court to subpoenas.

Just imagine…

[Chris G @808CG1]

MMTLP NBH MMAT Meta Materials #SECfraud #FINRAfraud #FOIAdenials

Well, well, well, the hits continue to drop from the SEC.

Peirce’s Speech Quietly Confirms the Core MMTLP Thesis.

Her remarks, especially on statutory limits, overreach, 15c2‑11 misuse, CAT failures, and inconsistent enforcement, directly support the legal and factual arguments that:

1. MMTLP trading should never have been allowed.

2. The halt was executed without statutory authority.

3. FINRA and the SEC selectively applied rules to cover prior failures.

4. FOIA stonewalling is part of a broader pattern of opacity she criticizes.

5. The SEC’s own Commissioner believes the agency has exceeded its authority in exactly the ways MMTLP exposed.

This speech is not just philosophically aligned, it is factually aligned with the regulatory failures at the heart of MMTLP.

Maybe we may now have a commissioner that will state "We need to fix it!" A Nearly 30 years and we don't know how to address the MMTLP fiasco created by FINRA and the SEC.

What say you?

I say focus on the work! There is so much out there.

Focus...
https://t.co/e1iOfvsGHU

[Stephanie @stephmase22]

🚨🚨NAKED SHORT SELLERS ARE CRIMINALS BUT SEC PROTECTS THEM 🙉🙊🙈

SEC doesn't want to create Short Squeezes.
But they don't want to stop the ability for Short Sellers to Naked Short companies entire floats.

Truth is if the SEC actually did their job there wouldn't be a risk of a short squeezes.

Illegal Naked Short Selling creates counterfeit shares that can't be delivered because they don't exist.

TRADE SETTLEMENT SHOULD BE MANDATORY‼️

[Chris G @808CG1]

OCC Memo #58915: Another Data Point in a 5‑Year Pattern of Settlement‑System Fragility, And Why It Matters for MMTLP

The newly released OCC Memo #58915 (May 6, 2026) is more than a routine reminder. It highlights the same structural weaknesses that enabled the MMTLP crisis and fits into a multi‑year pattern of warnings regulators never acted on.

📄 Memo #58915 reinforces that clearing members must be able to settle obligations within 60 minutes, even if their settlement bank fails, and must maintain redundant infrastructure.

These are the same failure points that surfaced during MMTLP, when firms repeatedly claimed they “could not deliver” shares during a non‑CNS, broker‑to‑broker settlement process.

The memo doesn’t mention MMTLP, but it speaks directly to the systemic fragility that allowed synthetic positions, failed deliveries, and opaque obligations to accumulate.

A 5‑Year Timeline: OCC Memos Showing a Pattern (2021–2026)

2021 Early Settlement Warnings - OCC flags that clearing members are struggling to meet delivery obligations in certain non‑CNS securities — the same environment where early MMTLP settlement issues were forming.

2022 MMTLP Approaches Corporate Action - Clearing members again report difficulty delivering shares. OCC requires written statements asserting they “could not deliver,” a red flag that went unaddressed.
These unresolved obligations set the stage for the December 2022 halt.

2023-2024 Post‑Halt Scrutiny - Industry memos focus on operational resiliency, default‑management capability, and settlement‑bank dependency, the same mechanics that failed during MMTLP.

2025 Heightened Focus on Preparedness - OCC stresses contingency planning and redundancy as public pressure and FOIA disclosures intensify.

2026 Memo #58915 - OCC explicitly warns that clearing members must settle within 60 minutes even if their settlement bank fails.
The memo emphasizes redundancy, contingency plans, and operational capability, the same gaps that allowed MMTLP’s unresolved positions to persist.

Why This Matters

The MMTLP crisis wasn’t an anomaly, it was the predictable outcome of a settlement system regulators themselves repeatedly flagged as fragile. Memo #58915 is another confirmation that:
· Settlement failures are a systemic risk
· Clearing members lacked adequate redundancy
· Operational disruptions can cascade into market‑wide consequences
· The infrastructure that failed MMTLP investors is still being reinforced years later

For the MMTLP community, this memo reinforces what many have argued since 2022:

The system broke down, regulators knew the vulnerabilities, and the consequences fell on investors.

When will you resolve MMTLP? What say you @SECPaulSAtkins "We'll see?"

@VP @JDVance @timburchett @annvandersteel @TheRobbCarter @nicksortor @kshaughnessy2

[JunkSavvy @JunkSavvy]

>>> 💥💥1245 DAYS!!!💥💥<<<

SEA 15c3-3(d)
"The DEFICIENCY OR EXCESS OF SECURITIES required for possession or control must be determined on a DAILY basis as of the close of business on the preceding day"...
"For securities in deficit, action must be taken no later than the business day following the day on which the deficiency determination is made."

@TradeStation:
Email to MMTLP/NBH Investors, November 2023 (see post below):
"Despite TradeStation’s best efforts, we have been UNABLE TO RECALL a portion of the lent-out shares because there is currently no market for the security. This means that we will not be able to honor some of our customers’ requests to register or record their ownership in book entry form with AST because the SHARES ARE NOT BACKED BY PHYSICAL CERTIFICATES." #SEA15c33

"If the Registration Statement is declared effective by the SEC, TradeStation will FULFILL ITS OBLIGATION to transfer the current list of clients who own NBH of record to AST."

Tradestation Customers:
Next Bridge Hydrocarbons has priced their offering. Notice of Effectiveness is imminent. Tradestation promised you they would fulfill their OBLIGATIONS. MAKE THE CALLS!!!

@SECGov @SECPaulSAtkins DO YOUR JOB, ENFORCE THE LAW!!!
MMTLP MMAT TRCH

You cannot stop what is coming...#FO

[Southern_Patriot @lfan_nh]

So in the 7 days leading up to the $mmtlp halt, the 5 chairs of the SEC had a combined 13,177 pages of correspondence ONLY pertaining to MMTLP. Let that sink in for a minute. Unbelievable. #mmtlp
Sign the letter @POTUS

[JunkSavvy @JunkSavvy]

ANSON, did you say ANSON FUNDS, @annvandersteel ?!?

I believe Next Bridge Hydrocarbons told them "No NBH shares for you," as well. Tough going out there in the short trenches.

Ann, do you know how many shares allegedly ANSON FUNDS requested from Next Bridge?

10M

Wait a minute, but FINRA declared in their historic, first ever FAQ that there was only 2.65M short interest. If FINRA was telling the truth, then why did ANSON FUNDS ask for 10M???

10M > 2.65M...so confusing.

Well, Ann, I guess Meta's BK Trustee can work it out. Judge Straker just denied major portions of FINRA's Motion to Quash. I suspect he will do the same for ANSON, CITADEL, VIRTU, and NASDAQ. #Discovery

And JANE STREET CAPITAL showed up, out of nowhere, to argue against a subpoena that hasn't even been issued yet. JANE STREET seems afraid, very afraid.

I know I have read about JANE STREET before. Hmmm.....

Oh yeah, Devin Nunes named them in a filing in April 2024. "Data made available to us indicate that just four market participants have been responsible for over 60% of the extraordinary volume of DJT shares traded: CITADEL SECURITIES, VIRTU AMERICAS, G1 EXECUTION SERVICES, and JANE STREET CAPITAL."

A couple months later, Wes Christian did an interview with in which he stated there was correlation between Nunes's list and the market participants at the center of The MMTLP/META Fiasco.

And, did you hear? Nunes just resigned as CEO of Trump Technology and Media Group. He wants to concentrate on his duties as Chair of the President's Intelligence Advisory Board (PIAB). They deal with national security risks. Coincidence? #NakedShorting

Surely, the trustee will work it out with ALLLLL that big, beautiful discovery....YUGE!!!

Thanks for all you do, Ann. Talk soon! 😘

WE ARE NOT GOING AWAY!!! #Relentless
MMTLP MMAT TRCH

[JunkSavvy @JunkSavvy]

@POTUS 🇺🇸
On Jan 20, 2025, you signed EO 14147 to end the WEAPONIZATION OF THE FEDERAL GOVERNMENT against the American people.

For over 5 years, the @SECGov, @FINRA, other financial sector SROs and market participants, have waged a war against retail investors for the benefit of the CRIMINAL ENTERPRISE. #RICO

When TRCH MMTLP MMAT got too close to exposing their racket, they ALL conspired to defraud investors. The cover-up rages on today.

Does this sound like WEAPONIZATON to you???...
🚩Ignored issuer's concerns/compaints over 2M uncovered shorts that "disappeared" from NASDAQ Short Interest Report. NASDAQ claimed they were moved "offshore".
🚩Helped to establish an options chain for TRCH three weeks before a rev merge in order to provide mechanism for shorts to hold open obligations through a reverse merger to subvert short covering.
🚩Investigated irregularities in the trading of MMTLP for over a year, but failed to protect investors even when they suspected fraud. #Rule6490
🚩Ignored complaints from shareholders and issuers when a NASDAQ issued dividend, that was never intended to trade, was traded on the OTC Markets without issuer's knowledge or consent.
🚩Conspired with FINRA before during and after FINRA's U3 halt to defraud investors. #FOIA #RICO
🚩Altered an issuer's Corporate Action TWICE, in violation of #Rule6490 in order to establish a settlement issue.
🚩Issued historic U3 Halt, terminating trading two days before the published and promoted final days of trading, trapping investors for 1200+ Days.
🚩Refused to enforce the law and force reconciliation of short obligations.
🚩Made claims of "threats" from defrauded investors, two days after U3 Halt, but failed to provide documentation of such threats.
🚩Potentially used operatives on social media platforms to deploy deflective narratives to subvert transparency and distract attention from institutional fraud. #XTDs #RICO
🚩Delayed issuers ability to raise capital via an S-1 Registration with malicious strategies. Longest outstanding registration statement in history.
🚩Ignored investors' complaints as brokers refused to transfer shares to the issuer's transfer agent, which constitutes interference in property rights.
🚩First ever #FINRAFAQ with false and misleading information easily discredited by The MMTLP Army.
🚩Potentially hired consultant (who holds patents to trading algorithms/dark pools) to spread false and misleading narratives to Congress amidst their investigation, who also has direct relationship to market maker implicated in MMTLP Fiasco.
🚩Lied to Congress. #GenslerLied #CookLied
🚩Conspired with Broker-Dealer lobbying firm FIF to interfere in issuer's Registration Statement to avoid short obligation exposure and trade settlement. #FOIA #RICO
🚩Interfered in Congressional investigation. #VirtualCoffee #FOIA
🚩Front-ran investor attempts to enlist State AGs to investigate potential securities fraud, by delivering compromised FINRA FAQ.
🚩Filed "Novel" Enforcement action against issuers that had already FAILED twice in other civil action. #Deflection
🚩Fought transparency in Federal Court. 10+ cases.
🚩Obstructed #FOIA requests. < 2% response rate.
🚩Attempted to circumvent rules of discovery in their "novel enforcement action".
🚩Attempted to deleverage the issuer into disclosing non-public information.
🚩Refused to meet with issuer to resolve settlement issues.
🚩Weaponized interminable investigations to deflect transparency and regulators' roles as co-conspirators in the defrauding of MMTLP investors. #RICO
🚩Deleted text messages...we have them! #FOIA
🚩Set new policy to delete CAT data, right as discovery is incoming in a BK Trustee's investigation.

@realDonaldTrump
If nothing is wrong, why has the system refused transparency? If nothing is wrong, why has the system conspired to interfere in trade settlement? If nothing is wrong, why did Former Chairman Gensler and FINRA CEO Robert Cook lie and mislead Congress and the American People? If nothing is wrong, why have ALL of these participants fought discovery in 10+ legal cases?

There is a letter headed to your desk for signature. It has taken over a year of Heculian efforts to get this letter to you. For the sake of 65k+ harmed investors who did nothing wrong, PLEASE DEMAND TRANSPARENCY!!! @SECPaulSAtkins

The MMTLP Fiasco is BIGGER than Madoff, FTX and EEnron COMBINED!!! Take this win for American Investors and restore accountibility and integrity to US Capital Markets.

Like you, The MMTLP Army is RELENTLESS. WE ARE NOT GOING AWAY!!! Please sign the letter.
🖤MMTLP 🫡🇺🇸
@DOGE @DOGE_SEC @timburchett @RepLuna

[_T1hS_0N_ @Stef_carpedm]

The @SECGov has eliminated any and all confidence I once had that the agency will actually take my/our comments into consideration or seriously.

Instead, I am very confident the agency will strongly consider comments, recommendations, or suggestions made by broker dealers, FINRA, financial firms, etc. You seem to bend, twist, or lean in the direction your "handlers" want.

So, do I think the SEC is seeking public comment? Yes, "on paper" but really it is just a formality that you do and not that the agency cares.

#MMTLPArmy R E L E N T L E S S

@laralogan @annvandersteel @stephmase22 @sunlightdisinf @kshaughnessy2 @FlyEaglesFly529 @palikaras @elonmusk @DOGE @realDonaldTrump @RepLisaMcClain @realannapaulina @joerogan @TheRobbCarter @denniskneale @RareDealsHere @GenFlynn @Scavino47

[MMTLP AL @MmtlpAl]

@RepRalphNorman @Heritage_Action Your MMTLP scorecard is 0%